Tag: cut
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Allianz to cut up to 1,800 jobs due to increasing AI use
July 8 : Allianz’s travel insurance division will cut up to 1,800 jobs due to the growing use of AI, said Tomas Kunzmann, CEO of Allianz Partners, on Tuesday evening, confirming an earlier Reuters report.
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Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
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Microsoft to cut thousands of jobs, Xbox to be hit hard
The move will affect the company’s gaming division, which has been facing the outcome of a “not healthy” business model. The jobs cut will not be replaced by AI, Microsoft’s VP said.
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EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits
June 22 : EV maker Lucid Group said on Monday it would cut about 18 per cent of its U.S. workforce and announced COO Marc Winterhoff had left the company, in a major shake-up aimed at boosting profitability amid growing competition.The layoffs will affect Lucid’s full-time employees, contractors and hourly pr
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Madrid tests package delivery by subway to cut congestion
Online shopping is booming and cities are overwhelmed by a flood of packages. The Spanish capital is testing a new approach to urban logistics and sustainable delivery by shifting parcel transport underground.
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ASML to cut fewer jobs after talks with Dutch unions
June 10 : Chip-equipment maker ASML will cut fewer jobs than initially planned, Dutch unions said in a statement after talks with ASML.Redundancies are now expected to take effect from May 2027, ASML spokesperson Monique Mols said, adding that employees will be informed before the end of this month whether th
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